Pasadena Ar Area ea C Community ty Colleg ege D District ct - PowerPoint PPT Presentation

Pasadena Ar Area ea C Community ty Colleg ege D District ct Adopted ed Budget Fiscal Y Year 2017 017-18 18 R E C O M M E M E N D E D F O R A R A D O P T I O N B B Y T H E B O A R D R D O O F T R U S T E E S P R E S E N T E D B Y : D R . R I C H A R D R D S S T O R T R T I , A S S I S T A N T S S U P E R E R I N T E N E N D E N E N T & V I C E E P R E S I D E N E N T B U S I S I N E S S S S & A D M I N I S T S T R A T I V E E S E R V I C E S S E P T E M E M B E R E R 6 6 , 2 0 1 7 1

Cal alif ifornia ia B Budget Highlig lights ts Community C y Colleg eges es Unrestricted Ongoing Funding Increases  Access - $57.8 million (1%) increase  PCC: $1.2 million / 240 FTES  General Operating Allocation - $183.6 million increase  PCC: $3.6 million  Cost of Living Adjustment of 1.56% (COLA) - $97.6 million  PCC: $2.0 million 2

Cal alif ifornia ia B Budget Highlig lights Community C y Colleg eges es Restricted One-time Funding  $150 million for Guided Pathways  PCC: tbd  $76.9 million for deferred maintenance / instructional equipment  PCC: $1.6 million  $46.5 million for Proposition 39 (Funding for Clean Energy Projects)  Prop 39 provides funding for 5 years – last year is 2017/18  PCC: $800K 3

Caution ons a and Concer erns  Economic and political uncertainties  STRS and PERS  Increasing Employer Contribution Rates Year STRS PERS 2016/17 12.58% 13.89% 2017/18 14.43% 15.80% 2018/19 16.28% 18.70% 2019/20 18.13% 21.60% 2020/21 19.10% 24.90%  Annual ongoing STRS / PERS expense will increase $7.0 million by FY 2020/21  Other Postemployment Benefit (OPEB) Liability 4

Gene neral F Fund nd Budge get FY 2 2017/18 Tentative Budget Tentative Budget Tentative Budget Adopted Budget Adopted Budget Adopted Budget Change Change Change Revenue Revenue Revenue Revenue Tentative Budget Adopted Budget Tentative vs. Adopted State Apportionment State Apportionment State Apportionment $133,832,950 $133,832,950 $133,832,950 $133,832,950 $133,364,586 $133,364,586 $133,364,586 $133,364,586 ($468,364) ($468,364) ($468,364) $(468,364) State Apportionment 86.3% 86.3% 86.3% 86.3% 85.2% 85.2% 85.2% 85.2% Lottery Lottery Lottery 3,461,327 3,461,327 3,461,327 3,461,327 3,681,828 3,681,828 3,681,828 3,681,828 220,501 220,501 220,501 220,501 Lottery 2.2% 2.2% 2.2% 2.2% 2.4% 2.4% 2.4% 2.4% State Mandated Claims State Mandated Claims State Mandated Claims State Mandated Claims 375,050 375,050 375,050 375,050 682,214 682,214 682,214 682,214 307,164 307,164 307,164 307,164 0.2% 0.2% 0.2% 0.2% 0.4% 0.4% 0.4% 0.4% Non-resident Tuition Non-resident Tuition Non-resident Tuition Non-resident Tuition 9,373,000 9,373,000 9,373,000 9,373,000 9,373,000 9,373,000 9,373,000 9,373,000 0 0 0 0 6.0% 6.0% 6.0% 6.0% 6.0% 6.0% 6.0% 6.0% CalSTRS On Behalf Payment CalSTRS On Behalf Payment CalSTRS On Behalf Payment 4,000,000 4,000,000 4,000,000 4,000,000 5,000,000 5,000,000 5,000,000 5,000,000 1,000,000 1,000,000 1,000,000 1,000,000 CalSTRS On Behalf Payment 2.6% 2.6% 2.6% 2.6% 3.2% 3.2% 3.2% 3.2% Categorical / Student Fees / Other Categorical / Student Fees / Other Categorical / Student Fees / Other 4,102,295 4,102,295 4,102,295 4,102,295 4,413,335 4,413,335 4,413,335 4,413,335 311,040 311,040 311,040 311,040 Categorical / Student Fees / Other 2.6% 2.6% 2.6% 2.6% 2.8% 2.8% 2.8% 2.8% Total Revenue Total Revenue Total Revenue Total Revenue $155,144,622 $155,144,622 $155,144,622 $155,144,622 100.0% $156,514,963 $156,514,963 $156,514,963 $156,514,963 100.0% $1,370,341 $1,370,341 $1,370,341 $1,370,341 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% Expenses Expenses Expenses 0 0 0 Expenses $132,651,670 $133,586,961 $935,291 Salaries and Benefits Salaries and Benefits Salaries and Benefits Salaries and Benefits $132,651,670 $132,651,670 $132,651,670 $133,586,961 $133,586,961 $133,586,961 $935,291 $935,291 $935,291 85.5% 85.5% 85.5% 85.5% 85.4% 85.4% 85.4% 85.4% Supplies and Materials 2,130,119 2,139,796 9,677 Supplies and Materials Supplies and Materials Supplies and Materials 2,130,119 2,130,119 2,130,119 1.4% 2,139,796 2,139,796 2,139,796 1.4% 9,677 9,677 9,677 1.4% 1.4% 1.4% 1.4% 1.4% 1.4% Operating Expenses and Services Operating Expenses and Services Operating Expenses and Services Operating Expenses and Services 16,164,107 16,164,107 16,164,107 16,164,107 16,507,169 16,507,169 16,507,169 16,507,169 343,062 343,062 343,062 343,062 10.4% 10.5% 10.4% 10.4% 10.4% 10.5% 10.5% 10.5% Capital Outlay Capital Outlay Capital Outlay Capital Outlay 657,321 657,321 657,321 657,321 637,883 637,883 637,883 637,883 -19,438 -19,438 -19,438 -19,438 0.4% 0.4% 0.4% 0.4% 0.4% 0.4% 0.4% 0.4% 3,541,405 3,643,154 101,749 Other Outgoing / Transfers Other Outgoing / Transfers Other Outgoing / Transfers Other Outgoing / Transfers 3,541,405 3,541,405 3,541,405 3,643,154 3,643,154 3,643,154 101,749 101,749 101,749 2.3% 2.3% 2.3% 2.3% 2.3% 2.3% 2.3% 2.3% Total Expenses and Transfers $155,144,622 100.0% $156,514,963 100.0% $1,370,341 Total Expenses and Transfers Total Expenses and Transfers Total Expenses and Transfers $155,144,622 $155,144,622 $155,144,622 $156,514,963 $156,514,963 $156,514,963 $1,370,341 $1,370,341 $1,370,341 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% Surplus (Deficit) Surplus (Deficit) Surplus (Deficit) -0- -0- -0- -0- -0- -0- -0- -0- -0- 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% Surplus (Deficit) -0- -0- -0- 5

Budget Augmentation as a result of the Program Review Process * Total requests: 155 requests totaling nearly $12 million were prioritized by the College * Of the 155 requests, 44 or 28% were approved and are included in the FY 2017/18 budget * Funding methodology used: The first ten items of the prioritized list and all requests equal to or below $5,000 were funded. * Total funded $403,196 6

Trans nsfers Fund Transfers 01 General Fund $ (3,643,154) 33 Child Development Center Fund 52,750 41 Capital Outlay Fund 685,000 62 Property & Liability Self -Insurance Fund 1,411,016 64 OPEB Self-Insurance Fund 1,000,000 69 Other Internal Service Fund - PERS/STRS 494,388 Total $ - 7

Sum ummary of F Funds ds 2017/2018 Tentative B Budg dget Fund Beginning Balance Income Expenditures Transfers Net Activity Ending Balance 01 General Fund $26,502,806 $156,514,963 $(152,871,809) $ (3,643,154) - $ 26,502,806 03 Restricted General Fund 2,048,420 41,882,486 ( 41,937,874) ( 55,388) 1,993,032 29 Capital Servicing Fund 1,040,729 1,000 ( 929,884) (928,884) 111,845 33 Child Development Center Fund 281,246 841,182 ( 893,932) 52,750 - 281,246 41 Capital Outlay Fund 5,583,649 5,119,011 ( 7,086,533) 685,000 (1,282,522) 4,301,127 42 Building Fund - Measure P 6,817,672 0 ( 6,817,672) (6,817,672) - 43 Scheduled Maintenance 2,625,598 2,972,663 ( 5,571,260) (2,598,597) 27,001 59 Identity Services Fund 112,212 36,105 ( 53,920) (17,815) 94,397 61 Workers Compensation Self- Insurance Fund 2,133,297 1,883,629 ( 1,883,629) - 2,133,297 62 Property & Liability Self -Insurance Fund 498,430 0 ( 1,411,016) 1,411,016 - 498,430 63 Dental Coverage Self - Insurance Fund 2,658,060 1,350,000 ( 1,350,000) - 2,658,060 64 OPEB Self-Insurance Fund 14,583,891 0 ( 1,800,000) 1,000,000 (800,000) 13,783,891 69 Other Internal Service Fund - PERS/STRS 5,314,522 0 0 494,388 494,388 5,808,910 74 Student Financial Aid Fund 760,389 42,398,230 (42,398,230) - 760,389 Total $ 70,960,921 $ 252,999,269 $(265,005,759) $ - $ (12,006,490) $ 58,954,431 8

Question ons The image part with relationship ID rId2 was not found in the file. 9